It’s apparently not a deal done yet. Enrique Rojas of ESPN Deportes hears that Santana will sign with the Blue Jays if he doesn’t receive a better offer by 5 p.m. ET. Meanwhile, FOX Sports’ Jon Morosi reports that the Blue Jays and Santana are working toward a deal, but an agreement is not in place.

12:22 p.m. ET: The mystery team has been identified. According to Dionisio Soldevila of ESPN Deportes, the Blue Jays and free agent right-hander Ervin Santana have agreed to terms on a one-year, $14 million contract.

Soldevila reported this morning that Santana was set to sign a one-year, $14 million deal with an American League team. The Blue Jays and Orioles were considered the most logical fits, but Toronto was apparently able to get the deal done.

Santana was reportedly hoping to land a $100 million contract this winter after posting a 3.24 ERA and 161/51 K/BB ratio over 211 innings last season with the Royals, but draft pick compensation and worries over his elbow greatly diminished his market. However, it looks like he’ll still get a deal close to the one-year, $14.1 million qualifying offer he turned down from the Royals.